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BUSINESS NEWS
Simphotek Awarded $750K Aug 12, 2009 — Simphotek Inc. of Newark, N.J., has received a two-year, $750,000 STTR Phase II contract from the Air Force Office of Scientific Research to develop innovative optical computer-aided design software. The award will be used to help create the company’s first software product to reduce the time and cost for simulating the interactions of light with linear and nonlinear optical materials.
Thermacore Acquires k Tech Aug 12, 2009 — Thermal management systems maker Thermacore Inc. of Lancaster, Pa., announced it has acquired k Technology of Langhorne, Pa., a custom thermal management products manufacturer for power electronics cooling. Under the terms of the acquisition, the...
Earthquake Halts LCD Output CORNING, NY, Aug. 11, 2009 – Corning Inc. said that production at its LCD glass manufacturing facility in Shizuoka, Japan, was disrupted by a 6.5-magnitude earthquake in Honshu Monday. While there were no reports of injuries or structural damage at the Corning plant, the...
Coherent Loses $7M in Q3 SANTA CLARA, Calif., Aug. 6, 2009 – Laser maker Coherent Inc. posted a loss of $7 million, or 29 cents a share, for the third quarter of 2009, compared with a net gain of $8.4 million, or 35 cents a share, for the same period a year ago. Net sales for the third quarter of 2009 were...
IPG Photonics Posts Q2 Loss OXFORD, Mass., Aug 5, 2009 – Weak pulsed laser sales for materials processing contributed to a $1.2 million, or 3 cents a share, loss posted by high-power fiber lasers and amplifiers maker IPG Photonics Corp. for the second quarter.
Publisher Dies Unexpectedly PITTSFIELD, Mass., Aug. 5, 2009 -- Diane M. Laurin, group publisher for Laurin Publishing's slate of international trade magazines, and daughter of company founder Teddi C. Laurin, died unexpectedly, the company announced last week. She was 57.
Infinite Optics Hires Sales Manager Jul 28, 2009 — Infinite Optics has hired Stan King as global sales manager. King, who recently returned to the US after spending four years in Europe managing electron-beam gun sales for Ferrotec UK in London, brings to his new position 25 years of experience with...
Agilent Buys Varian for $1.5B SANTA CLARA, Calif., July 27, 2009 – In a move designed to bolster its transformation into a bioanalytical measurement company, Agilent Technologies said it will buy medical device maker Varian of Palo Alto, Calif., for $1.5 billion in cash.
Sick Names Sales Channel Partner Jul 24, 2009 — Minneapolis-based Sick, manufacturer of sensors, safety systems, machine vision and automatic identification products for industrial applications, has named automation solutions provider Technology Brewing Corp. as its sales channel partner to the...
Infinera CEO Stepping Down Jul 23, 2009 — Infinera Corp. of Sunnyvale, Calif., announced that Chairman and CEO Jagdeep Singh plans to step down Jan. 1, 2010, as leader of the day-to-day operations of the company and become executive chairman. Chief Operating Officer Tom Fallon will succeed...
Stimulus Funds Rice Facility HOUSTON, July 22, 2009 – Rice University physics researchers will no longer have to wait until the dead of night to conduct experiments with instruments highly sensitive to vibration, thanks to $11.1 million in federal stimulus funding from the National Institute of...
Fay Named NeoPhotonics CFO Jul 21, 2009 — NeoPhotonics announced it has appointed interim chief financial officer J.D. Fay to the post permanently, effective immediately. Fay, who joined NeoPhotonics in May 2007 as vice president of legal affairs and general counsel, had served as interim...
Oclaro Named Strategic Supplier Jul 21, 2009 — Oclaro Inc. of San Jose, Calif., announced today that it has received official designation as a strategic supplier by telecom solutions provider Huawei Technologies Co. Ltd. of Shenzhen, China. The relationship is designed to enable more strategic...
E-paper Device Maker Folds SOUTHAMPTON, England, July 20, 2009 – Polymer Vision, maker of the rollable e-paper display Readius, filed for Chapter 11 bankruptcy protection and shuttered its UK offices, putting 50 people out of work, according to media reports.
ILX Secures Development Grant Jul 20, 2009 — ILX Lightwave Corp., located in Bozeman, Mont., has announced it has received a grant from the Montana Board of Research and Commercialization Technology for the development of high-accuracy optical power measurement of high-power laser diodes. The...
Intersolar Show Size Triples SAN FRANCISCO, July 17, 2009 -- Today's show is brought to you by the numbers two and three. The Intersolar show just held here tripled in size in a year, expanding from a single floor to an entire convention hall. The number of exhibitors doubled, going from 210 to 437. That...
Jenoptik Optical Systems Formed Jul 16, 2009 — Jenoptik subsidiaries, Coastal Optical Systems and Liebmann Optical Company have merged to form Jenoptik Optical Systems Inc. The new company has 70,000 sq ft of optical manufacturing space and 100 employees. Since Jenoptik acquired Liebmann in 1999...
Deep Photonics Opens New Lab Jul 15, 2009 — Deep Photonics, a developer of ultrafast fiber lasers for the semiconductor, electronics and photovoltaic markets, has opened a new materials processing applications lab at its corporate headquarters in Corvallis, Ore. The 1500-sq-ft cleanroom...
QPC Laser Sales Expanded MARTINSRIED, Germany, July 15, 2009 -- Germany-based AMS Technologies and Laser Operations LLC of Sylmar, Calif., have expanded their distribution agreement for the high-brightness product line of QPC Lasers to include the UK/Ireland, France and Spain.
Bostock Joins Bridgelux as CFO Jul 14, 2009 — LED-based lighting sources supplier Bridgelux Inc. of Sunnyvale, Calif., has hired Neil Bostock as chief financial officer. Bostock joins Bridgelux with more than 35 years of experience in finance and 19 years in LED and semiconductor manufacturing....
Chroma Introduces New Subsidiary Jul 14, 2009 — Chroma Technology Corp., manufacturer of precision optical filters, announced the launch of 89 North, a wholly owned subsidiary. Located in Burlington, Vt., 89 North will develop products for the life science imaging market. Its initial focus will...
RMI Files for Bankruptcy LAFAYETTE, Colo., July 14, 2009 -- Optical components maker Rocky Mountain Instrument Co. (RMI) filed for Chapter 11 bankruptcy, citing the recession and a 2007 federal raid on the business as the contributing factors.
Corning Sells Glass to Samsung Jul 13, 2009 — Specialty glass maker Corning Inc. announced that its Gorilla™ glass was selected as the protective cover glass for Samsung Electronics’ UltraTouch mobile phones. Gorilla glass, available in thicknesses ranging from 0.5 to 2 mm, is designed so...
Han's Begins Laser Dealer Program Jul 13, 2009 — Houston-based industrial laser maker Han's Laser Technology Corp. has announced its new dealer/rep program for defined territories throughout North America. The program will offer independent dealers and reps the opportunity to sell and market Han's...
Microvision Awarded $1M for Eyewear Jul 13, 2009 — Microvision Inc. of Redmond, Wash., was awarded a $1 million subcontract by Lockheed Martin Corp last week as part of DARPA’s Urban Leader Tactical Response, Awareness & Visualization (ULTRA-Vis) program, an advanced technology development...
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